KKR, SK launch KRW 2 trillion South Korea renewables platform

KKR & Co

KKR & Co

KKR

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  • KKR funds, SK signed definitive agreements to launch Korea’s largest renewable energy platform valued at KRW 2 trillion ($1.3 billion).
  • Platform combines SK affiliate renewable assets into a single vehicle; about 1.7 GW operating capacity with a development pipeline targeting 10 GW.
  • KKR to hold management control in the initial phase; SK participates as an equity investor with an option to seek control later.
  • Investment to be made primarily from KKR’s Asia Pacific infrastructure strategy, targeting clean-power demand from data centers and semiconductor manufacturing.


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